LinkedIn’s Growth Is Already Priced In: Analyst

Despite its blockbuster earnings report, now is not the best time to buy LinkedIn, according to Ken Sena, analyst at Evercore Partners.

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“The story itself is a great one. You continue to see shares gains and margin expansion, but I think the stock is trading six times its 2013 revenues,” he said. “Even assuming they stay on course, a lot of that upside is already in the stock at this point.”

And there is a lot of upside. The shares are up 89 percent since its IPO in May 2011.

The networking site’s fourth-quarter results came in far ahead of estimates, earning 12 cents a share, up from 5 cents a year ago and nearly double the 7 cents a share expected. Revenue also more than doubled from the year ago quarter, coming in at $167.7 million.